Burger King
Wagoner, OK
Key Details
| Price: | $713,462 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $46,375 |
| Address: | 501 South Dewey Avenue, Wagoner, Oklahoma 74467 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 16 Years |
|---|---|
| Lease Commencement: | 5/1/2018 |
| Lease Expiration: | 4/30/2034 |
| Lease Term Remaining: | 9.2 Years |
| Rental Increases: | None |
| Lot Size: | 1.35 Acres |
| Building Size: | 2,750 SF |
| Year Built: | 2015 |
NNN Pro is pleased to present the exclusive listing for a Burger King located at 501 South Dewey Avenue, Wagoner, Oklahoma 74467. The site consists of roughly 2750 rentable square feet of building space on an estimated 1.35-acre parcel of land. This Burger King is subject to a 16-year Triple Net (NNN) lease, which commenced 5/1/2018. The current annual rent is $46,375 and has scheduled increases of None.
About the Investment
- Triple Net (NNN) Lease | This investment is subject to absolute triple-net lease with no landlord responsibilities.
- Experienced Multi-Unit Operator | The lease is subject to a guaranty from Switchgrass Holdings, a reputable Burger King Franchisee with over 49 locations.
- Established, Growing Population | The 5-mile radius surrounding the site is projected to grow in population by 3.50% annually for the next 5 years, driving the trade area's growth and volume.
Key Details
| Price: | $713,462 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $46,375 |
| Address: | 501 South Dewey Avenue, Wagoner, Oklahoma 74467 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 16 Years |
|---|---|
| Lease Commencement: | 5/1/2018 |
| Lease Expiration: | 4/30/2034 |
| Lease Term Remaining: | 9.2 Years |
| Rental Increases: | None |
| Lot Size: | 1.35 Acres |
| Building Size: | 2,750 SF |
| Year Built: | 2015 |
Talk to the Pros
Daniel Price
dprice@nnnpro.com
License: NY: 10401306175
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Broker of Record
Brian Brockman
Bang Realty-Oklahoma, Inc
License: 177814
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.